CHUBB CORP 4
4 · CHUBB CORP · Filed Jan 19, 2016
Insider Transaction Report
Form 4
ZIMMERMAN JAMES M
DirectorOther
Transactions
- Disposition to Issuer
STOCK UNITS DEFERRED
2016-01-14−1,916→ 0 total→ Common Shares (1,916 underlying) - Disposition to Issuer
Common Shares
2016-01-14−5,760→ 0 total - Disposition to Issuer
STOCK UNITS
2016-01-14−433→ 0 total→ Common Shares (433 underlying) - Disposition to Issuer
STOCK UNITS DEFERRED
2016-01-14−12,248→ 0 totalExercise: $0.00→ Common Shares (12,248 underlying)
Footnotes (2)
- [F1]Common stock disposed of pursuant to the Agreement and Plan of Merger, dated as of June 30, 2015, by and among ACE Limited ("ACE"), William Investment Holdings Corporation and The Chubb Corporation ("Merger Agreement"), in exchange for $62.93 per share in cash and 0.6019 shares of ACE stock per share.
- [F2]Pursuant to the Merger Agreement, stock units deferred are assumed by ACE and converted into stock units deferred relating to the number of ACE common shares determined in accordance with the adjustment mechanism set forth in the Merger Agreement. Stock units deferred represent vested shares of stock for which receipt was voluntarily or mandatorily deferred, as applicable. One stock unit is the equivalent of one share of common stock.